MARATHON ASSET MANAGEMENT LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
13
Total value ($000)
$64,311
Net value change ($000)
-10,809 (-14.4%)
New positions
1
Sold out positions
5
Turnover %
65.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/18/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPY 24,219 NEW
PYPL 958 57.1%
IBIT 607 37.4%
JD 387 22.1%
OSCR 15 1.1%
Top Reduces (Value $000, Stocks/ETFs)
CNK -8,406 -100.0%
EAF -7,031 -25.9%
AMD -3,236 -100.0%
ETHA -2,678 -100.0%
GOOGL -1,542 -100.0%
UNH -1,447 -33.5%
KORE -850 -100.0%
NIO -584 -38.3%
NBIS -271 -24.1%
BABA -91 -5.1%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 8 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type